The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Mining / Quarrying Mining And Quarrying Mining Of Metal Ores 07.29 - Mining of other non-ferrous metal ores
150 jobs Number of planned job creations
Announcement Date
23 March 2016
Employment effect (start)
24 March 2016
Foreseen end date
31 December 2016
Description
British mining company Vast Resources is to hire 150 staff at the Baita Plai (Bihor County) mine in 2016. Last November, the mining company signed an agreement with Romanian state-owned company Baita to obtain the right to mine in Baita Plai.
In 2015, Vast Resources invested over 4.1 million euro in infrastructure maintenance, new equipment, maintenance, environmental projects and training of employees at mines in Bihor and Suceava counties.
The company has about 180 employees, a figure that is expected to almost double by the end of 2016.
Sources
23 March 2016: Wall-Street.ro
21 March 2016: Daily Business
5 February 2016: Bussiness Magazin
26 August 2015: capital.ro
Citation
Eurofound (2016), Vast Resources, Business expansion in Romania, factsheet number 86851, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86851.
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